Problem 14-02A a-c (Part Level Submission) The post closing trial balance of Oriole Corporation at December 31, 2020, contains the following stockholders' equity accounts. Preferred Stock (16,000 shares issued) $800,000 Common Stock (253,000 shares issued) 2,530,000 Paid-in Capital in Excess of Par-Preferred Stock 253,000 Paid in Capital in Excess of Par Common Stock 389,000 Common Stock Dividends Distributable 253,000 Retained Earnings 1,079,180 A review of the accounting records reveals the following 1 No errors have been made in recording 2020 transactions or in preparing the dosing entry for net income 2 Preferred stock is $50 par, 6%, and cumulative; 16,000 shares have been outstanding since January 1, 2019 3. Authorized stockis 21,000 shares of preferred, 506,000 shares of common with a $10 par value. The January 1 balance in Retained Earnings was $1,200,000 5. On July 1, 19,000 shares of common stock were issued for cash at $16 per share. 6. On September 1, the company discovered an understatement error of $88,600 in computing salaries and wages expense in 2019. The net of tax effect of $62,020 was properly debited directly to Retained Earnings 7. A cash dividend of $25,000 was declared and properly allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2019. 8. On December 31, a 10% common stock dividend was declared out of retained earnings on common stock when the market price per share was $16. Net income for the yey was $599,000 10. On December 31, 2020, the directors authorized disclosure of a $190,000 restriction of retained earnings for plant expansion (Use Notex.) (a) Reproduce the Retained Earnings account for 2020. (Listems in order presented in the